The Trident Park Project has been identified as the Trident Group’s initial development project and will seek to include the transformation of a listed industrial building while following best practice in terms of environmentally sustainable design and aiming for BREEAM excellent certifications. The design has been crafted to produce an architecture that complements and enhances the scheduled Portico as well as the memory of the industrial heritage and will provide high quality contemporary work spaces, budgeted to cost in the region of €45 million. Works on this project are expected to commence shortly after the Spin-Off is implemented. Planning permit for the development of this site has been obtained.
Trident Park will be a leading office complex establishing the identity of the new Central Business District (currently known as Mriehel) with its location within the iconic Farsons Brewery.
Over the years, SFC has moved its production facilities to the south side of the brewery site, leaving the old brewery building with its Grade 22 listed façade on Mdina Road, Mriehel, a major thoroughfare through the centre of the island, redundant and ripe for redevelopment.
This project will convert the old bottling factory and stores into a modern office complex. The familiar existing façade of the Farsons Brewery will be restored and retained as will be the prestigious entrance and boardroom in the centre of the building. The rest of the building will be dismantled and rebuilt to house over 15,000 sqm of offices, conference facilities and a separate ‘above-ground’ car parking block for some 700 cars that will be connected to the offices via walkways.
These new offices will be situated between landscaped courtyards with a total area of some 2,800 sqm connected through walkways and the whole complex will be set within a linear landscape separating it from the public main road. The whole ambience is relaxed and the development’s design is restrained, maintaining the integrity of the unique aesthetic quality of the structures and the surrounding built environment. The new architecture will be of exceptional quality to harmonise with the visually striking Art Deco façades of the listed built elements. The architecture and materials of the Art Deco originals are complemented with a contemporary idiom while meeting and exceeding the environmental and infrastructure expectations of business.
The project will be constructed to the highest quality and environmental standards. Designed by the renowned British firm Ian Ritchie Architects assisted by the Maltese architectural and engineering firm TBA Periti, the building will be sustainable considering the whole life-cycle of the building in terms of environmental impact. To this end, the project is seeking to achieve an “excellent” BREEAM classification.The standards of construction and the efficiency of the systems are being planned at a level so as to minimise resource consumption during occupation.
The buildings will be built and finished to high international standards. The offices will be Class A and will provide functionality, infrastructure and a working environment that will be at the forefront in Malta. They will provide the finest office space available on the market positioned as a destination for international and local tenants. To achieve this, high levels of workmanship will be enforced and high specification materials will be used throughout raising the bar in the local construction industry.
The tendering process related to the principal works contracts for this project is currently underway and is expected to be completed by the end of 2017. The development will be funded through an appropriate mix of debt and equity financing. Debt financing in the form of bank loans is in the process of being secured with a leading local bank.
